Line Border Indicator for MT4 - Scalp With Every Pass
Each market, after a so-called deviation from the neutral space, tries to get back to equilibrium over time, after which the cycle logically repeats itself again.
The Line Border Indicator is unique in that its band represents just that neutral space, making it easier for traders to predict where price may eventually move next.
- The Neutral Border Indicator
- User difficulty: Easy
- Usability: Forex, Gold, Stocks
- MetaTrader 4 Compatibility.
- Free indicator updates
Trading with the indicator
The simple trading strategy that is depicted on the charts below is that the trader enters a position whenever the price leaves (the opening price of the candle is inside the zone and the closing price is already outside) the neutral zone (the shaded area).
In the graph below, the opposite situation to the above can be seen. Here, the price has left the neutral zone to the upside (purple ellipses) and therefore long entries are subsequently made in this case.
Download Line Border from the button below
Do you need help with installing this indicator into MT4 for Windows or Mac OS? Our guide HERE will help you.